If Nvidia significantly exceeds conservative growth targets with help from Blackwell, the stock could rise despite slowing revenue growth, and the absence of a killer app for generative AI.

Musk's xAI has raised $6 Billion at a valuation of $50 billion to buy 100,000 Nvidia chips to power Tesla’s line of Full Self Driving cars.

While it’s not clear what the exact impact on Nvidia might be, new tariffs would raise barriers to trade and would almost certainly cause problems for its supply chain.